Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: The Perfect Hedge who wrote (6795)	1/6/1998 10:14:00 PM
From: johny	Read Replies (1) of 95453

A few stats on TCMS (Today I sold one of my favorites BDI to buy more TCMS at these prices)... TCMS not only is way bellow its IPO price, as of today IT IS BELLOW ITS BOOK VALUE! ^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Now that is something you do not see often in this sector , and certainly not on such a sound company as TCMS. Here are the cold facts: Today closed at $10.6!!!! Book Value: $12.60 Sales: $11.62 Last quarter Earnings : $0.24 times 4x the earnings gives about $1 earnings or a 10 PE, this for a company that is experiencing explosive growth... And remember this is a recent( November 97) IPO. I realise that with the general sector decline there are a lot of good buys and bargains out there, but with these stats and low debt this stock surely has to be one of the best values or bang/buck out there or else? Am I missing something here? Also I was wondering if anyone else in this thread is in TCMS as well because the TCMS thread sure as hell looks dead.

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